Tranquility Partners LLC Has $1.02 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Tranquility Partners LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,755 shares of the energy company’s stock after selling 81 shares during the quarter. Tranquility Partners LLC’s holdings in Cheniere Energy were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNG. Creative Planning bought a new position in shares of Cheniere Energy in the second quarter worth about $276,000. Sanctuary Advisors LLC bought a new position in shares of Cheniere Energy in the second quarter worth about $417,000. CWM LLC increased its stake in shares of Cheniere Energy by 2.4% in the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock worth $582,000 after purchasing an additional 76 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Cheniere Energy in the third quarter worth about $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in Cheniere Energy during the third quarter valued at about $726,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen boosted their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank upped their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Down 4.6 %

NYSE:LNG opened at $209.11 on Thursday. The stock’s fifty day moving average price is $223.37 and its two-hundred day moving average price is $201.85. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $46.92 billion, a price-to-earnings ratio of 13.35 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.